Latest Realty News

MUMBAI: Five years ago, the redevelopment of Mumbai was on the priority list of government policies. After all, cities remain vibrant if people inhabiting them are enthusiastic about living in those cities. You cannot expect people to exude zest when most buildings in the city are crumbling. The other problem the city faces is that there is no fresh land for development. Hence, the state government is now focused on redeveloping the existing old buildings. However, for one reason or the other, t

MUMBAI: The Reserve Bank's decision to link disbursal of home loans with stages of construction has received a mixed reaction from the industry, as some believe the move will streamline the sector while others worry it will impact delivery of projects.

DELHI: National Real Estate Development Council (NAREDCO), in association with the National Institute of Urban Affairs (NIUA), is organizing a National Conference on ‘Compact Cities: The need for Futuristic and Sustainable Habitats’ on Friday,30th August 2013, at India Habitat Centre, Lodi Road, New Delhi.

MUMBAI: The National Real Estate Developers’ Council (NAREDCO) wants rules and regulations governing real estate sector to be rationalised. It said large portion of the inconsistencies emerge from archaic laws, guidelines that conflict with the development agenda of the economy, disparity in incentives given to larger projects as against the same given to smaller projects. Also, the current FDI norms also make it difficult for smaller developers to access capital easily.

DELHI: The National Real Estate Development Council (NAREDCO) today urged the Union Government to lower the minimum requirement for developers’ eligibility of Foreign Direct Investment in real estate sector. “This is necessary to bring in more FDI and create more jobs in the real estate sector in the country and help smaller developers meet their funding requirement,” says Sunil Mantri, Vice President of NAREDCO.

DELHI: A delegation of National Real Estate Development Council members, led by the Union Housing Minister Girija Vyas, will visit Dubai to study ways to develop the real estate sector here, according to a press release.

DELHI: The long wait is finally over. Real estate industry in India will now have a regulatory body. The Union Cabinet approved the Real Estate Regulatory Authority Bill on 4th June 2013. The Bill would cover all developers coming up with a project of 1000 sq meters and above.

DELHI: Hailing the Cabinet's approval of real estate regulatory bill, realtors' body NAREDCO today said the proposed law will bring transparency in the sector, while helping home buyers in redressal of their grievances.